Search Results: keywords:"illicit financing"

  • H. R. 2969 — To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.
    Status:Reported in House
    Words:1,810

    H. R. 2969 aims to create an Independent Financial Technology Working Group to address the use of new financial technologies, like digital assets, in terrorism and illicit financing activities. This group, composed of representatives from various government departments and...

    Simple Explanation

    H.R. 2969 is a plan to make a special team to stop bad people from using digital money and new technology to do bad things, like helping terrorists. This team will study and suggest rules to keep everyone safe.

  • H. R. 2969 — An Act To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.
    Status:Engrossed in House
    Words:1,599

    H.R. 2969, known as the "Financial Technology Protection Act of 2023," aims to create an Independent Financial Technology Working Group to address terrorism and illicit financing. This group will include various government agencies and representatives from financial...

    Simple Explanation

    The Financial Technology Protection Act of 2023 is all about making a special group of experts to help stop bad guys from using new digital money for illegal things, like funding terrorism. This group will work together and come up with smart ideas to make sure digital money is used safely.

  • H. R. 2969 — An Act To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.
    Status:Referred in Senate
    Words:1,597

    H.R. 2969, known as the “Financial Technology Protection Act of 2023,” seeks to create an Independent Financial Technology Working Group. This group will be responsible for researching how new financial technologies, like digital assets, could be used for terrorism and...

    Simple Explanation

    H.R. 2969 wants to create a special group to learn how new money technologies, like digital coins, might be used for bad things and to find ways to stop them. It also asks the President to keep an eye on these technologies so they can't be used by bad people.